Bank OZK (NASDAQ:OZK) Given Average Recommendation of “Reduce” by Brokerages

Bank OZK (NASDAQ:OZKGet Free Report) has been assigned a consensus rating of “Reduce” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $46.00.

OZK has been the subject of a number of recent research reports. Truist Financial reduced their price target on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and reduced their price target for the stock from $57.00 to $37.00 in a research report on Wednesday, May 29th. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Wells Fargo & Company cut their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday, June 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $48.00 target price on shares of Bank OZK in a report on Monday, April 22nd.

View Our Latest Stock Report on Bank OZK

Institutional Investors Weigh In On Bank OZK

Large investors have recently modified their holdings of the business. Jump Financial LLC acquired a new position in Bank OZK during the 3rd quarter worth approximately $306,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Bank OZK in the 3rd quarter valued at approximately $677,000. Blueshift Asset Management LLC acquired a new position in shares of Bank OZK in the 3rd quarter valued at approximately $287,000. Charles Schwab Investment Management Inc. raised its position in shares of Bank OZK by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,994,821 shares of the company’s stock valued at $111,018,000 after purchasing an additional 35,215 shares in the last quarter. Finally, Shell Asset Management Co. increased its holdings in shares of Bank OZK by 61.2% in the 3rd quarter. Shell Asset Management Co. now owns 14,549 shares of the company’s stock valued at $539,000 after acquiring an additional 5,521 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $38.30 on Thursday. The firm has a market capitalization of $4.34 billion, a P/E ratio of 6.42 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $44.72 and a 200 day moving average price of $45.17. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same period last year, the firm posted $1.41 EPS. Sell-side analysts expect that Bank OZK will post 6.1 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were paid a $0.39 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 4.07%. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s dividend payout ratio (DPR) is currently 26.13%.

Bank OZK Company Profile

(Get Free Report

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.

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Analyst Recommendations for Bank OZK (NASDAQ:OZK)

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